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United Technologies Corp. (UTX) | Long-term (Investment) Activity Analysis

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.


Ratios (Summary)

United Technologies Corp., long-term (investment) activity ratios

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
Net fixed asset turnover 6.77 9.38 8.65 8.24 9.14
Total asset turnover 0.65 0.95 0.93 0.94 1.03
Equity turnover 2.23 2.66 2.54 2.61 3.65

Source: Based on data from United Technologies Corp. Annual Reports

Ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. United Technologies Corp.'s net fixed asset turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United Technologies Corp.'s total asset turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.
Equity turnover An activity ratio calculated as total revenue divided by shareholders' equity. United Technologies Corp.'s equity turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

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Net Fixed Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions)
Net sales 57,708  58,190  54,326  52,425  58,043 
Fixed assets, net 8,518  6,201  6,280  6,364  6,348 
  Net Fixed Asset Turnover, Comparison to Industry
United Technologies Corp.1 6.77 9.38 8.65 8.24 9.14
  Industry, Industrials 3.84 3.87 3.75 3.70 4.12

Source: Based on data from United Technologies Corp. Annual Reports

2012 Calculations

1 Net fixed asset turnover = Net sales ÷ Fixed assets, net
= 57,708 ÷ 8,518 = 6.77

Ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. United Technologies Corp.'s net fixed asset turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

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Total Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions)
Net sales 57,708  58,190  54,326  52,425  58,043 
Total assets 89,409  61,452  58,493  55,762  56,469 
  Total Asset Turnover, Comparison to Industry
United Technologies Corp.1 0.65 0.95 0.93 0.94 1.03
  Industry, Industrials 0.71 0.73 0.72 0.74 0.84

Source: Based on data from United Technologies Corp. Annual Reports

2012 Calculations

1 Total asset turnover = Net sales ÷ Total assets
= 57,708 ÷ 89,409 = 0.65

Ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. United Technologies Corp.'s total asset turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

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Equity Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in millions)
Net sales 57,708  58,190  54,326  52,425  58,043 
Shareowners' equity 25,914  21,880  21,385  20,066  15,917 
  Equity Turnover, Comparison to Industry
United Technologies Corp.1 2.23 2.66 2.54 2.61 3.65
  Industry, Industrials 2.04 2.06 1.97 2.04 2.57

Source: Based on data from United Technologies Corp. Annual Reports

2012 Calculations

1 Equity turnover = Net sales ÷ Shareowners' equity
= 57,708 ÷ 25,914 = 2.23

Ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders' equity. United Technologies Corp.'s equity turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012.

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